Vietnam National Shipping Lines (Vinalines) will dissolve two subsidiaries, let two others go bankrupt and sell out its shares in 37 companies by 2015 under its restructuring plan approved by Deputy Prime Minister Vu Van Ninh on February 4. According to a Government decision approving the plan, Vinalines will focus on three main sectors, namely sea transport, port operation and shipping services. The... 

Not only the Vietnam Shipping Industry Group (Vinashin), but the Vietnam National Shipping Lines Corporation (Vinalines) have been found as the big debtors. And no one would get surprised if more names of other state owned business giants appear on local newspapers for their “loss achievements.” Duong Chi Dung, former President of Vinalines, and two other formers leaders of the state owned corporation... 

Deputy Prime Minister Hoang Trung Hai has asked the Ministry of Transport to oversee work on the ship-repair complex being built by Vietnam National Shipping Lines (Vinalines) in the south, the Government Office said. The project is part of the Government’s master plan on developing the country’s ailing ship-repair sector. The Government hopes the ship-repair complex will help to meet... 

HA NOI — Viet Nam National Shipping Lines (Vinalines), the largest State-owned shipping and port operator in the country, yesterday finalised issuing VND1 trillion (US$52.08 million) worth of bonds. The senior unsecured bonds will have a maturity of three years. They will carry an annual coupon rate of 14.5 per cent in the first year and an average 12-month deposit rate in addition to 3.5 per...